Qantas American Express Discovery Credit Card

My monthly spend: 
$5,000
 
offer
card features
rewards program
earn rate
sign up bonus
your earnings
0% p.a. for 12 months for balance transfers and a one-off credit plan establishment fee of 1%.
Pay no annual card fee.
Earn up to 2 Qantas points per $1 spent on Qantas flights, goods, and services.
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
1 pt
per $1 spent
-

Pros & cons

What's good?

What's not so good?

0% p.a. for 12 months for balance transfers and a one-off credit plan establishment fee of 1%.
Earn up to 2 Qantas points per $1 spent on Qantas flights, goods, and services.
Good rewards earn rate: 1 pt per $1 spent.
Pay no annual card fee.
Global card support.
Purchase and refund protection.
No points capping.
No signup bonus points.
1% fee on balance transfers.
High 20.74% p.a. interest rate on purchases.
Longer interest free periods are available than 'Up to 44 days on purchases’.

Review

Our review of the Qantas American Express Discovery Credit Card

If you want a no-fuss, economical credit card that earns Qantas Frequent Flyer points at an acceptable rate, the Qantas American Express Discovery Credit Card might have the appropriate combination of features for your situation. There aren’t many distracting bells and whistles to get your head around – basically just QFF points, a modicum of insurance cover and a moderate balance transfer offer.

No choices, but no complications

Some people like choices, others prefer to keep it simple. The name of this card spells out what you’ll get: an AmEx card (which can be a problem in that some merchants will decline to accept it or add a surcharge) and Qantas points. No need to decide what kind of card or what kind of rewards you want. Look elsewhere if QFF points have no appeal or if you don’t have another card to fall back on when AmEx is declined.

No annual fee, ever

Credit card holders can usually either earn rewards points, or do without them and avoid an annual fee, so it’s quite unusual to encounter a card which offers reward points for spending without a hefty yearly charge attached. But with this card you get points without paying, and the fee-free situation extends to up to four additional cards. This means you can get family members to help you accrue points as long as you trust them with your credit.

Good points earnings rate

Not only do you get points without paying a fee, at 1 pt per $1 spent (except for payments to government bodies, which earn only 0.5 pts per $1 spent) it’s far more than a token earning rate. In fact it’s just as good a rate as some competing cards which have annual fees of $150 to $350.

There’s no cap on the number of points you can earn per month, and you even get two points per dollar for buying Qantas products, such as Qantas flights and QFF and Qantas Club membership (but excluding Jetstar flights and Qantas holidays).

Best ways to spend Qantas points

Although Qantas has the usual merchandise catalogue, plus gift card and travel redemptions, there’s no doubt that the best value for your points comes from redeeming them for flights and upgrades with Qantas and its partner airlines.

For 8,000 QFF points plus $30 in fees and taxes you can book an economy flight between Sydney and Melbourne. 18,000 points plus $38 in fees and taxes will fly you from Adelaide to Perth. For a longer-term goal of a flight to Europe you will need 60,000 points.

Average balance transfer offer

In a market which has cards offering zero-interest balance transfers for up to 24 months, this card’s 12 months at 0% p.a., plus a credit establishment fee of 1% of the transferred balance, is not particularly inspiring. Unpaid balances at the end of the promotional period revert to the standard interest rate of 20.74%. So no one is going to choose this card for the balance transfer component alone, but it is one more benefit that might tip the balance, especially keeping in mind that there is no annual fee.

Not the best in terms of interest-free days

Given that up to 55 interest-free days on purchases is pretty common, the AmEx Discovery card’s Up to 44 days on purchases seems a little stingy. But in reality the difference is not great. Even if your average monthly purchases on the card were as much as $5,000, that means you’d forego having that sum in your bank deposit account for 11 days each month (when compared with a 55-day card). Your bank deposit account is probably currently earning a paltry interest rate of around 3% p.a., which means that the 11-day shortfall will cost you $5,000 × 3% x 11/365 × 12 (months) = $54 a year. For most people that’s not a significant amount, but it’s just one more thing to think about.

It also pays to be aware that, as long as you have an unpaid balance transfer on your account, your interest-free days will be precisely zero. That means that any purchase you make with the card will begin to accrue interest as soon as it’s billed. If you’re going to run a balance transfer on this card, you’d be better off using another card for your purchases.

A little insurance has to go a long way

This is the AmEx version of a budget card, so there are no wonderful trimmings like airport lounge passes and overseas travel insurance. But since purchasing is the main intent of credit cards, your purchases will still be protected by insurance, in two ways.

Firstly, any items bought using the card will be automatically repaired or replaced if they are damaged or stolen within 90 days of purchase. There’s a maximum claim of $2,000 per event, or $10,000 or 70% of credit limit in any one year.

Secondly, if a retailer refuses to give you a refund for an unused item you purchased with the card, AmEx will let you return it to them instead and will give you a refund. Once again there’s a 90-day window to claim, and the limits are $500 per item and $2,000 per year.

This card is aimed at . . .

. . . someone who wants to earn QFF points at a healthy rate without paying for the privilege or getting entangled in a complex proprietary rewards program points transfer system. If you’re not looking for a host of built-in freebies (for which you will ultimately pay, one way or another) and can cope with the sometimes patchy acceptance of AmEx cards, you may want to discover more about the Qantas American Express Discovery Credit Card.

User reviews

4.6 out of 5.0 based on 7 reviews100% of reviewers would recommend this card.

Rates and fees
Rewards
Customer service
Convenience
Trust
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

Awesome rewards, no fees

Reviewed and recommended by Brad on 08 Dec 2016

It’s a great card with no annual fees. You get a bunch of cashback offers almost monthly, with great savings at a variety of retailers, and Qantas Frequent Flyer points with every purchase.

Whenever I’ve had to deal with customer service, the experience has been very impressive — can’t complain at all. If you haven’t already applied, do yourself a favour because there is no reason not to get this card.

Fantastic for quickly increasing air miles

Reviewed and recommended by Teneka on 05 Dec 2016

It’s a great card because you can use it at nearly all shopping outlets. PayWave is included. It’s fantastic for quickly increasing the air miles.

The cost can be high, but you pay for the good customer service and peace of mind of using a well-known and easy-to-deal-with brand. I would easily recommend it as an entry-level point builder.

Rewards card with no fee, but not widely accepted

Reviewed and recommended by Jumbo on 25 Sep 2016

I am very pleased with the card itself. There’s absolutely no annual fee, and upon the first $300 and Qantas purchase, you get 5000 and 2500 extra points.

Although the earning rate is only 1 point per dollar, not as high as other AmEx cards, I don’t have too much complaint about that.

The only drawback is that the AmEx card is not that widely accepted, and many merchants charge a surcharge for it. So I tend to use this card along with a Visa/MasterCard.

No annual fee and great rewards

Reviewed and recommended by Thomas on 22 Sep 2016

This card has no annual fee and great rewards. It has been around for ages.

Although it’s not accepted too widely, I do get by. It would be great if vendors stopped charging their ridiculous fees, but I make sure I let them know my opinion and walk out without buying. AmEx needs to do something about them.

Excellent card with no fees

Reviewed and recommended by Vivian on 21 Sep 2016

An excellent card, easy to apply for an obtain, accepted everywhere with absolutely no fees and charges. There’s an added perk of 0.5 points per dollar in Qantas Frequent Flyer points.

It’s a very good card for daily use as well as when travelling domestically and internationally. I would highly recommend this card as it has a substantial credit limit.

Be treated as a VIP with American Express

Reviewed and recommended by Fiona on 30 Aug 2016

With the Qantas American Express Discovery Credit Card I’ve had exclusive access to lounges and bars before shows or during varying entertainment events, by showing my American Express card.

Also with pre-registration of my details and my card details with designated companies, I have access to redeeming credit-back offers.

All enquiries at American Express are dealt with very professionally. I’m always treated like a VIP with American Express.

Great rewards and no fees

Reviewed and recommended by Grant on 02 Jul 2016

This is a great card with a decent rewards program that links with my Qantas Frequent Flyer account. Every now and then you get great offers on your card to use in a variety stores. I like the Small Business Saturday promotions they have, supporting and encouraging shopping at small businesses. The best thing is that this card costs nothing and a supplementary card is also free.

Basic details

About this card

Card setup
Single
Card tier
Standard
Card type
American Express
Card use
Personal
Credit rating
No bad credit history
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$35,000
Minimum income for pensioners
N/A
Pensioners
N/A
Rewards program
Qantas Frequent Flyer
Temporary residents
Business Long Stay Visa (subclass 457)

Cardholders

Additional cardholders
4
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$2,000
Maximum credit limit
$100,000

Repayments

Interest charged from
Statement date
Interest free period
Up to 44 days on purchases
Minimum repayment
2.5%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.12 months1%$10,000 or 70% of credit limit20.74% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
$10,000 or 70% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the Qantas American Express Discovery Credit Card at the promotional balance transfer rate from:

  • American Express

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.12 months1%$10,000 or 70% of credit limit 20.74% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances N/A N/A
Purchases 1.73% 20.74% p.a.

Fees

Annual fee
$0 p.a.
Cash advance fee
None
Dishonour fee
$6
Duplicate statement fee
$10
Foreign exchange fee
3%
Late payment fee
$30
Over limit fee
$30
Overseas ATM balance fee
N/A
Overseas ATM withdrawal fee
$2.5
Overseas emergency card replacement fee
N/A
Transaction verification fee
$7

Rewards

Cool stuff you can get with your points

Disclaimer: Does not include taxes, fees, or charges. Accurate as of 25th January 2016.

Rewards program basics

First purchase bonus
N/A
Reward points expiry
Never as long as you keep your account active
Rewards program
Qantas Frequent Flyer
Sign up bonus
N/A
Spend required for bonus points
N/A

Earning points with this card

ATO payment earns rewards
0.5 pts per $1 spent
Frequent flyer points
1 pt per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
Unlimited
Points cap per year
Unlimited
Reward points
N/A

Additional benefits

Airport lounge access
No
Complimentary flight voucher
No
Concierge service
No

Benefits

This card comes with benefits worth an estimated $60

ShoppingEstimated value
Purchase protection
Valuation based on the assumption of making a $200 claim once every 5 years. There is no retail market for this type of insurance, so no premium saving.
$40
Refund cover if retailer refuses return
Most major retailers have 100% guaranteed returns, but not all do. Valuation assumes making a $100 claim once every 5 years.
$20
Total estimated value$60
Annual fee$0
Net customer value$60
Disclaimer: Details of who, what, and where coverage applies to, as well as its duration and any coverage limitations will be listed in the credit card insurance product disclosure statement (PDS) on the card issuer's website. The names/labels of complimentary insurance products may differ from one issuer to another. Terms and conditions apply. Always check the insurance PDS when considering a financial product. Accurate as of 31st October 2015.

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $35,000 per year
Have no history of bad credit
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Disclaimer: The minimum criteria pointers are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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